ICICIPRULI - Weekly AnalysisIn the Weekly Chart of ICICIPRULI ,
we can see that, it has given strong breakout with big candle.
Let it retest and then Enter with SL and Targets.
Expected momentums is shown in chart.
ICICIPRULI trade ideas
ICICIPRUL, Break of StructureTrend - Positive
Signal - Break of Structure
CMP:581
R1:604.65
Demand Zone - 575 to 581
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
ICICIPRULI break outICICIPRULI break out at 601 and today closed above that level and can go up to 640.
target 1 - 640
SL - 688
follow risk reward
Disclaimer -
videos, presentations, and writing are only for educational purposes and are not intended for investment advice. I can't promise the accuracy of any information provided. please consult with your financial advisor.
ICICIPRULI - Weekly AnalysisIn the Weekly Chart of ICICIPRULI ,
we can see that, it is at decision making point.
Possible momentums are shown in chart.
ICICI Prudential Life Insurance Company Ltd - Positional TradeDate : 13-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 597.30
Targets: (1) Rs. 640 --> (2) Rs. 680 --> (3) Rs. 724
SL : Rs. 545 on daily close basis
Technical View:
• NSE:ICICIPRULI is in its primary uptrend and is currently going through it's secondary uptrend.
• After re-testing the current secondary uptrend line on 29-Apr-2024, It has again started the upward journey.
• NSE:ICICIPRULI has also closed above 20 DMA, 50 DMA and 21 DEMA on 10-May-2024.
• RSI crossed over 50 on 10-May-2024 and is trading at 56.10
• MACD crossed over signal line on 13-May-2024 and is trading at -0.56 which is about to cross over the 0.
• Looking good to continue the upward journey.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
0.5 fib retracementhello guys.
icici prudential has been a favourite stock of mine and its reached back in its buy zone. as soon as we start seeing a reversal, id suggest you guys to buy the same
ICICI PRU trading near golden zone ICICI PRU trading near golden zone it can revers from the mark label in weekly time frame
[Swing Trade] ICICIPRULI - bought at 630.7Clear BO in ICICIPRULI..expecting 3% profit from 630.7.. buy / sell is discretionary. Educational purpose only. No buy sell recommendation
Icicipruli breakout and retestAfter giving breakout the stock retesting its level, if sustain we can see the further upmove in near future as mark in the chart
ICICI PRUDENTIALS
JUST FOLLOW THE STRATEGIES
war ho jaye ya kuch bhi uncertainty ho just follow the strategies....!!
Potential Breakout Alert: ICICIPRULI Shows Channel BreakICICI Prudential Life Insurance Company Limited (ICICIPRULI) has recently exhibited promising technical signals, indicating a potential breakout from its current trading channel. With its price surpassing the critical resistance level at 545, ICICIPRULI seems poised for a significant upward movement, targeting levels between 600 and 650. Let's delve deeper into the technical analysis to understand the potential trajectory of this breakout.
Technical Analysis:
Channel Breakout: ICICIPRULI has broken out from a well-defined trading channel, marked by a decisive move above the resistance level at 545. This breakout suggests a shift in market sentiment towards bullishness, indicating potential buying pressure.
Volume Confirmation: The breakout is accompanied by an increase in trading volume, providing further validation to the bullish momentum. High trading volume during a breakout typically signifies strong investor interest and conviction in the upward movement.
Moving Averages: The moving averages, such as the 50-day and 200-day moving averages, are indicating a bullish crossover, with the shorter-term average moving above the longer-term average. This crossover further reinforces the bullish sentiment and strengthens the case for a continued upward movement.
Relative Strength Index (RSI): The RSI indicator is currently showing ICICIPRULI in the overbought territory, indicating strong upward momentum. While an overbought condition suggests a potential pullback, it could also signify sustained buying interest pushing the price higher.
Price Targets: Based on the breakout confirmation and technical indicators, ICICIPRULI has the potential to reach price targets ranging between 600 and 650 in the near to medium term. Traders and investors may consider this range as potential profit-taking levels or areas to reassess their positions.
Risk Factors:
Market Volatility: Despite the bullish signals, market volatility can always pose a risk to the anticipated price movement. Traders should be prepared for sudden fluctuations and implement risk management strategies accordingly.
Economic Factors: Macroeconomic indicators, regulatory changes, or industry-specific news can influence the stock's price trajectory. It's essential to stay updated on relevant developments that may impact ICICIPRULI's performance.
Conclusion:
ICICIPRULI's breakout above 545 signals a compelling opportunity for traders and investors. With technical indicators supporting further upside potential, the stock appears well-positioned to reach levels between 600 and 650. However, prudent risk management practices should be employed to navigate potential market uncertainties. As always, it's advisable to conduct thorough research and consult with financial professionals before making any investment decisions. Keep a close watch on ICICIPRULI's price action for confirmation of the anticipated upward movement. Happy trading!
Icici pru life technically looking goodInsurance sector getting better.
Icici Pru Life breaking out the neck line of inverted head and shoulder pattern in weekly chart.
Inverted H&S is bullish pattern. Breaking out after 2.34Y
Height of the head is 228.05 which is an ideal target 848.05. Fib retracement 261.8% - 861.8 also comes near to that target.
Pivot target 3 is at 887.05. April month has always rewarded Icici Pru life on an avg 8%
Weekly RSI(34) gave a breakout as well. Latest volume is above moving average as well.
ICICI PRUICICI pru showing inv. head and shoulder pattern
bullish on daily weekly and monthly chart
target 720
Amazing breakout on Weekly / Daily Timeframe - ICICIPRULICheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
ICICI PRU GOOD SHORT TERM BUYING BETBuy ICICIPRU 612-620 for 650/720 as short to medium term trade. Keep stop below 597 on closing basis. Short term breakout above 610-615 levels happened and sustaining
Double Top alertA rejection of 615 and a close below 600 attracts a bearish entry in ICICIPRULI
Selling below 600
SL 618
Targets 583, 578, 567
It will be valid only on the test and rejection of 615 as resistance. Bearish invalidation above 615.
ICICI Pridential Inv H&S patternICICI Prudential Life weekly inverse head and shoulder BO.
Target 835.
ICICIPRULI - Weekly AnalysisIn the Weekly Chart of ICICIPRULI ,
we can see that, it is about to give Inverted Head & Shoulder breakout.
Also, it is looking very strong and bullish.
Let it respect the Trendline and create a Halt Candle so that we can have an entry with SL
Expected momentums is shown in chart.
ICICIPRULI-long for 15 % move price forming inverted H & S
On weekly charts , 3-6 MACD above zero and 12-26 MACD positive crossover
stock is overvalued but technicals look very bullsih
target and SL marked
ICICI Pruli:Multiple bullish patterns showing potential growth Stock has made inverted Head and Shoulder pattern on a broader time range and a pole and flag pattern on smaller range after a recent run in Nifty 50.
Stock can move towards its ATH in near time range and can further move to higher levels.
Fundamental remains stronger compared to other stocks in the sector.
View remains bullish for upcoming months.
DISC: For educational purposes only.
Inverted Head and Shoulders Pattern FormationThe stock has developed an inverted head and shoulders pattern on weekly time frame.
A strong close above the neckline (616) level can bring more bullish momentum in the stock.
This idea is for Educational purpose only.
This is not a BUY/SELL recommendation.
Learn & Earn,
Dr. Tanya Kumar
